Business · 1 hour ago

Adobe shares fall 6% after new CEO named

Adobe's shares dropped about 6% on Friday after the software company named longtime executive Anil Chakravarthy as its new president and chief executive officer. He takes over from Shantanu Narayen, the previous CEO. Investors are worried about how new AI technology might affect Adobe's business.

By BriefTea Editorial · 5 September 2026 at 19:01

Reported by uk.finance.yahoo.com · How we write briefs

Get the app

Understand this story

Why did shares fall? Why do shares fall?

More briefs

TechnologyOpenAI and Anthropic get 80% of revenue from 1% of customers WorldUS carmakers want Chinese vehicles banned by January 2027 WorldAI bosses face protests over data centres and job fears BusinessYou need over 11,000 Apple shares to get £12,000 in dividends BusinessPeter Thiel makes Amazon his top stock holding after two quarters out BusinessAnthropic picks banks for IPO next week More business stories → Browse all stories →